Trusted mortgage services
Your Langley mortgage broker
Willoughby townhomes, Walnut Grove family homes and Fort Langley character. We compare over 50 lenders for you.
- 5-yr fixed
- 4.89%
- 5-yr variable
- 3.70%
Updated Oct 25 · on approved credit · Compare to bank rates
Mortgages across the City and Township of Langley
Langley is two municipalities: the compact City of Langley around the downtown core, and the much larger Township of Langley that surrounds it. Willoughby has become one of the region's busiest areas for new townhomes and condos, Walnut Grove and Murrayville are established family neighbourhoods, Brookswood has larger lots, and Fort Langley keeps its heritage village charm.
We help Langley buyers with first homes, move-up purchases, new construction, acreages and refinances, comparing banks, credit unions and specialist lenders so you get the right mix of rate, flexibility and terms.
What Langley buyers ask us about
New townhomes and condos
Much of Willoughby is new or under construction. If you are buying a presale, plan your financing for completion, and remember that buyers of newly built homes may qualify for a 30-year insured amortization.
Acreages
The Township's rural areas include hobby farms and acreages, many in the Agricultural Land Reserve. Standard lenders mostly value the house and a limited amount of land, so larger properties often need a rural specialist.
Self-employed buyers
Lenders usually average two years of self-employed income, and some add back expenses such as depreciation. Our self-employed income calculator shows what a lender may use.
How it works
Your Langley mortgage in 3 steps
We do the shopping, you get the keys
Schedule a consultation- Step 1: Easily apply online in 5 minutesWith some simple questions, we build your profile and match you with mortgages that fit it. No cost to you for most mortgages, and no obligation.
- Step 2: We compare 50+ lenders to find the right mortgage for youWe compare rates and features from 50+ lenders and give you transparent options. Your options side by side: rate, penalties and flexibility.
- Step 3: Approved, with human supportFrom approval to closing, you have an advisor who gives you clear, transparent advice about your mortgage. Nick stays with you from approval to keys.
Frequently asked questions
You have questions — we have answers!
Langley mortgage questions
Does it matter whether the home is in the City or the Township?
The lending rules are the same, but property taxes, utilities and zoning differ between the two municipalities, and lenders include property tax in your qualifying ratios. We use the right numbers for the home you are buying.
How do lenders qualify self-employed borrowers?
Most lenders use the last two years of income from your personal tax returns and Notices of Assessment, sometimes adding back non-cash expenses. If your declared income is lower than what your business earns, some lenders have programs that look at the business more broadly.
Can I get a mortgage on a presale townhome?
Yes. Your deposit goes to the developer up front, and the mortgage is arranged closer to completion based on the appraised value and your situation at that time. We keep in touch through the build so there are no surprises.
Is there a property transfer tax break on a new Willoughby townhome?
Often, yes. BC's newly built home exemption means no property transfer tax on a new home worth up to $1,100,000, and a reduced amount up to $1,150,000, if you are a Canadian citizen or permanent resident and it will be your principal residence. It isn't limited to first-time buyers, so it helps families moving up too. A new home also qualifies for a 30-year insured amortization, which lowers the monthly payment.
Do I pay GST on a new townhome?
Usually, yes. GST of 5% applies to newly built homes, so check whether the price in your contract includes it or adds it on top. First-time buyers may get it back: the federal First-Time Home Buyers' GST/HST Rebate covers the full GST on a new home up to $1 million, shrinking to nothing at $1.5 million, for a home bought from the builder to live in. Ask your builder and your lawyer or notary how it will be claimed, and count any GST you pay in your budget.
Today's rates
Our rates vs the banks'
We shop 50+ lenders, so the rate you're offered isn't limited to one bank's rate sheet. Updated Oct 25.
Apply for your mortgage in minutes
Everyone's rate is different. What's yours?
Our job is to find you a competitive rate and terms that fit. Your rate qualification depends on certain factors, such as credit score and home equity, as per Canadian regulations. Get your details fast — there's no cost and no obligation.
- Current variable mortgage rate
- 3.70%
- Current prime rate
- 4.45%
| Term | Bank posted | Our rates | Action |
|---|---|---|---|
| 6 Months | 5.54% | 5.09% | Get this rate: 6 Months |
| 1 year fixed | 5.49% | 4.79% | Get this rate: 1 year fixed |
| 2 year fixed | 5.39% | 4.59% | Get this rate: 2 year fixed |
| 3 year fixed | 6.05% | 4.69% | Get this rate: 3 year fixed |
| 4 year fixed | 5.99% | 4.84% | Get this rate: 4 year fixed |
| 5 year fixed | 6.19% | 4.89% | Get this rate: 5 year fixed |
| 7 year fixed | 6.40% | 5.09% | Get this rate: 7 year fixed |
| 10 year fixed | 6.80% | 5.09% | Get this rate: 10 year fixed |
| 5 year variable | No bank rate | 3.70% | Get this rate: 5 year variable |
Bank posted rates are the big banks' posted rates published by the Bank of Canada (1, 3 and 5 years) and by Dominion Lending Centres (other terms). Some conditions may apply. Rates may vary from province to province. Rates subject to change without notice. Rates change often and depend on your down payment, credit and property; on approved credit (O.A.C.). E.&O.E.
Contact us
Have a question about your mortgage?
Contact info
Call, email or send us a message. We negotiate with over 50 lenders to find the right mortgage for you.
- Our location525 W 8th Ave #800, Vancouver, BC V5Z 1C6
- Phone number778-838-8005
- Email addressinfo@coastalblue.ca